HDBank (HoSE: HDB) has announced impressive financial results for the first half of 2026, with pre-tax profit surging 31% year-on-year to VND13.2 trillion (US$505 million). The bank's total assets increased by 12.3% from the beginning of the year to VND1.04 quadrillion (US$39.6 billion) as of June 30, positioning HDBank among a select group of Vietnamese banks with assets exceeding VND1 quadrillion (US$38 billion).
The bank delivered industry-leading profitability, achieving a return on equity (ROE) of 25.4% and a return on assets (ROA) of 2.17%. Total operating income rose 8.8% year-on-year to VND22.68 trillion (US$862.8 million), with non-interest income growing by 23.1%. A key driver of this performance is HDBank's successful digital transformation, which has reduced the cost-to-income ratio to 24.9%. Notably, more than 94% of retail transactions are now conducted through digital channels.
Outstanding loans grew by 18.8% to VND698.36 trillion (US$266 billion), with lending concentrated in manufacturing, small and medium-sized enterprises (SMEs), agriculture, infrastructure, supply chains, and consumer finance. Total funding reached VND932.44 trillion (US$35.5 billion), up 12.1%, while customer deposits increased by more than 20%, reflecting strong customer confidence and liquidity.
HDBank's growth is underpinned by an integrated ecosystem that spans banking, digital finance, securities, insurance, fund management, and consumer finance, alongside aviation, real estate, infrastructure, technology, and education. Serving over 34 million direct customers and reaching an additional 20 million through partners, this network supports robust customer acquisition and cross-selling opportunities.
Among its subsidiaries, HD SAISON contributed a pre-tax profit of more than VND804 billion (US$30.6 million), while HD Securities reported VND1.47 trillion (US$55.9 million), up 286% year-on-year, making it one of Vietnam's top 10 most profitable securities firms. Vikki Digital Bank expanded its user base to more than 3.5 million, solidifying its position in the digital banking space.
HDBank maintained strong financial health with a Basel II capital adequacy ratio above 14% and a loan-to-deposit ratio of 72%. Its Basel III liquidity ratios, including the liquidity coverage ratio and net stable funding ratio, remained above 100%, underscoring the bank's robust risk management and liquidity position.
In the second quarter, Moody's Ratings upgraded HDBank's outlook to positive, and Fitch Ratings assigned the bank first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings of 'BB-', placing HDBank among the highest-rated commercial banks in Vietnam. Additionally, HDBank secured a US$721 million international syndicated social loan, the largest such loan ever raised by a Vietnamese organization, reflecting strong international confidence in the bank's strategy and governance.
With strong momentum across its core businesses, HDBank is well positioned to achieve and potentially surpass its 2026 pre-tax profit target of over VND30.1 trillion (US$1.1 billion), representing a 41% increase from 2025. The bank's continued focus on digital innovation, sustainable finance, and ecosystem development is set to drive further growth and value creation for stakeholders.
